Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Rent Nicole Gorman, Capital Nicole Gorman, Drawing Service Fees Rent Revenue Salaries Expense Depreciation Expense-Equipment. Rent Expense Supplies Expense Utilities Expense Depreciation Expense-Buildings Repairs Expense Insurance Expense Miscellaneous Expense 102,300 227,000 133,200 29,070 2,880 1,310 372,690 21,800 414,530 4,380 297,180 16,100 13,500 9,560 8. 640 5,760 4,760 2,610 4,4501,060,3601,060,360 Required: 3. If the balance of Nicole Corman, Capital had instead increased $115,000 after the closing entries were posted and the withdrawals remained the same, what would have been the amount of net income or net loss? 50 mone Ched My Wosk vies rentering? Financial Statements and Closing Entries The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31,2019 ; the end of the fiscal year, the accountont for The Gorman Group prepared an end-of-period spreadsheet, part of which follows: Prepare a statement of owner's equity (no addifional investments were made during the year). Prepare a balance sheet. Eorman Group Balanee Shaet 10 more Chock My Work uses remaining